Market announcement
AS Inbank
LEI code
2138005M92IEIQVEL297
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Industry sector(s)
Credit institution
Country of registered office
Estonia
General information
Categories
Other corporate action
Unique data record identifier
7349
Submission date and time
10.06.2019 16:01:00
Content of announcement in Estonian
Title
Inbank AS plaanib müüa oma osaluse Coop Pank AS-is
Message
Inbank plaanib müüa oma 7,94% suuruse osaluse Coop Pangas, mis soetati 2017. aasta jaanuaris. Inbanki nõukogu esimehe Priit Põldoja sõnul soetati Coop Panga osalus kaks aastat tagasi ajutise finantsinvesteeringuna. "Coop Pank on teinud viimaste aastate jooksul väga suure arenguhüppe ning vajab oma potentsiaali realiseerimiseks oluliselt suuremat ja laiapõhjalisemat kapitalibaasi. Inbank finantsinvestorina on otsustanud Coop Panga aktsiakapitali tõstmises mitte osaleda ja oma osaluse müüa. Tehingust vabanenud kapitali plaanime investeerida oma rahvusvahelisse kasvu," sõnas Põldoja. Läbirääkimised osaluse ostja leidmiseks on algfaasis, mistõttu pole veel võimalik tehingu täpsemat sisu avada. Käesoleval hetkel ei ole võimalik kinnitada, et läbirääkimiste algatamine toob kaasa reaalseid tehinguid. Inbank informeerib turuosalisi osaluse müügi edasise käigu kohta börsi infosüsteemi kaudu. Inbank on tarbijafinantseerimisele keskendunud digitaalne pank, mis tegutseb Eestis, Lätis, Leedus ja Poolas ning kaasab lisaks hoiuseid Saksamaal, Austrias ja Hollandis. Inbankil on enam kui 1 500 aktiivset koostööpartnerit ning ligi 478 000 aktiivset kliendilepingut. Inbanki võlakirjad on noteeritud Nasdaq Tallinna börsi Balti võlakirjade nimekirjas. Lisainfo: Kristin Pihu Inbank AS Turundus- ja kommunikatsioonijuht [email protected] (mailto:[email protected]) +372 5348 2436
Content of announcement in English
Title
Inbank AS plans to sell its share in Coop Pank AS
Message
Inbank is planning to sell its 7.94% share in Coop Pank, which it acquired in January 2017. According to Priit Põldoja, Chairman of the Supervisory Board of Inbank, the share in Coop Pank was acquired two years ago as a temporary financial investment. "Coop Pank has developed exceptionally fast in recent years and needs a considerably larger and broader capital base in order to realise its potential," Põldoja said. "Inbank as a financial investor has decided not to participate in increasing the share capital of Coop Pank and to sell its shares. We're planning to invest the capital released as a result of the transaction into our international growth," Põldoja added. Negotiations for finding a buyer for the share have just started, which is why the details of the transaction cannot be disclosed yet. It is currently not possible to confirm that the initiation of negotiations will lead to actual transactions. Inbank will inform market participants regarding further developments of the sale of the shares via the stock exchange information system. Inbank is digital bank with a focus on consumer finance. It operates in Estonia, Latvia, Lithuania and Poland, and receives deposits from Germany, Austria and the Netherlands. Inbank has more than 1,500 active partners and over 478,000 active customer contracts. Its bonds are listed on the Nasdaq Tallinn Stock Exchange on the Baltic Bonds List. Further information: Kristin Pihu Inbank AS Head of Marketing and Communications [email protected] (mailto:[email protected]) +372 5348 2436